Most finance options accepted within 48 hours
Quick and easy application
No bulky business plans required
Competitive rates and rewards
Quick Business Loans
Find a wide range of business loans, ready to give your business the cash boost it needs to reach the next level.
What are the different types of business loan?
Business loans are available in a number of formats – from unsecured loans and credit cards to secured loans and cash advances. Providing you can accurately forecast your finance and have a good credit history, most small business loans are relatively easy to access. However, for those with poor credit, there are still options.
If you’re new to business loans, it can be difficult to work out which type is most suitable for your business requirements. Read on for our guide to everything business loan related. And remember, whatever type of business funding you do require, Aurora Capital can search the market on your behalf. We’ll find the best deals, rewards, and rates, including start-up business loans from large, multi-national firms and independent finance houses too. If our business loans don’t look quite like what you’re looking for, be sure to check out our options for property finance and cash flow enhancement instead.
How long do our business loans take to come through?
Our quick business loans can be with you in as little as a week, depending on the type of loan you opt for. Once you’ve applied, we’ll provide a personalised quote within just 24 hours, so you’ll be able to organise your finances better from then on. If you’re looking for fast business loans, you’ve come to the right place. Enquire today and start materialising your business plans within days.
How to Apply
Fill in the above form or contact us
Tell us how much you’re looking for and you intentions with the funds. No bulky business plans or documents are required.
We find an offer
We search the market for the most competitive offers. A dedicated account manager will then provide support thoughout.
You’ll receive a personalised quote within just 24 hours. We currently have an 85% acceptance rate.
The money can be in your account within a matter of days.
Not sure what type of finance is right for you?
020 3355 7462
Call us today for some advice.
As the name suggests, these business loans do not require any collateral as a guarantee of payment. Instead, the credit provider takes the risk of granting credit without needing an asset to back up the loan.
To access an unsecured business loan, you will most often need a good credit history both on the business and the personal side. We would also expect a business to be trading positively and making a profit for its most recent year.
Secured business loans allow your business to use an asset as collateral for business funding. This could be anything from land and buildings, to equipment and stocks. As lenders are given a guaranteed source of income if the business fails to make payment, secured loans have reduced interest rates compared to other types of business funding.
It’s also worth noting that businesses with a poor credit rating, or no financial history, can often still access secured loans. Sure, you’ll have to offset your loan against one of your assets, but if you’re confident you can repay, they’re a great way to access business credit – especially if you can’t access other forms of business funding.
Business Cash Advance
Business cash advances, often called PDQ or merchant cash advances, provide businesses with a lump sum payment that is repaid from your business’s credit and debit card takings. Put simply, an arranged percentage of your takings via card will be paid directly to your credit provider.
To access this type of business funding, you’ll need to show that a bulk of your sales come through card payments. The benefit of this type of small business loan is that you only repay when you earn. And as this is a form of unsecured business funding, you can use the loan for whatever best benefits your business.
Asset Based Lending
Asset Based Lending (ABL), commonly referred to as Asset Finance, comprises of loans where the value is determined by an asset acting as a guarantee. Most often, these assets are things like unpaid invoices. But they can also include high value assets such as commercial properties. A big advantage of this type of business loan is that you don’t need to wait for balances to clear to access the finance you are owed. Instead, you can get a decision in principal within 48 hours and then pay off the loan once the finance for that asset lands.
Why choose Aurora Capital?
As funding specialists, we provide SME’s with business loans that are suited directly to their needs. As independent financial brokers, we have built up relationships with multiple lenders who can provide fast and flexible funding. This means we can offer a wide array of businesses with numerous benefits and competitive rates.
Finding the right funding is often a long-winded process, with plenty of variables to consider from all the different providers. Our finance experts can help, providing you with a list of the best deals and rates. Why not give us a call and talk through the different business funding options available. Call now on 01371 870 815.